CBIC Notifies Amendments to GST Rules with New Procedure for Waiver of Interest and Penalty u/s 128A

The CBIC has notified amendments to the GST rules, introducing a new procedure for the waiver of interest and penalty under Section 128A. Effective November 1, 2024, taxpayers can apply for waivers using FORM GST SPL-01 or FORM GST SPL-02. The waiver applies to demands raised under Section 73 and erroneous refunds. Applications must be filed within three to six months from the date notified under Section 128A. Proper officers will review the applications and issue notices if the waiver claim is ineligible. This amendment aims to simplify the process for resolving GST disputes.